We read the email that Jacques Dorsi sent when 931 Block employees were cut off

Fintech Block delivered 931 people on Tuesday, according to a message leaked from the company that Teccrunch.

The news was announced to the employees in an email from the co -founder and CEO of Block, Jack Dorsi. Dorsi told employees that Block would be “some changes in Org, including eliminating roles and starting the process of consulting in the countries that require this.”

These are the latest changes in Block, the financial services giant in Dorshi that owns the Cash and Square app. The company provides mobile devices payment services for consumers, as well as companies and programs for companies.

In the email, Dorsi explained that the mass cuts the roles across three wide buckets. The first that he can have is 391 people who are cut for “strategic” reasons.

The second and largest Aquarius, 460 people, is for the reasons for “performance”, with Dorsi explaining that the mass is “separating roads with people” who record “below” or “heading towards below”.

The third bucket is the managers, 80 of whom are cut to flatten the hierarchy of the block. Dorsi also said 193 managers were being transferred to individual shareholders’ roles.

The Dorsi email denies that the demobilization of workers is for financial reasons or to replace the workers on behalf. Specifically, Dorsi wrote that “nothing of the above (discounts) is trying to reach a specific financial goal, to replace people with AI, or change our headscarf.”

Instead, he said that Block cuts roles due to the transformation of strategic needs while “raising the tape and acting faster to perform.”

Dorsi also indicated that Block is closing “All” 748 Open Open AT in Block except for those who advanced to the stage of display, critical operations roles, major driving roles, and others.

roadblock The last demobilization of the main workers in January 2024 was subjected to When you cut about 1000 floors. Before Tuesday DemobilizationThe outfit had about 12,000 employees, according to a source familiar with the matter.

Block did not immediately respond to a request for comment.

This is a developing story, check again for updates.